India lifts ban on four commodity futures contracts
The Indian regulator has given permission for futures trading in soya oil, chickpea, potato and rubber to resume following a seven month ban.
The contracts were suspended in May and could not be resumed without full regulatory approval which was granted last night. Trading resumed today on National Commodity and Derivatives Exchange (NCDEX.)
"The bans have been lifted for two reasons; one is the drop in inflation numbers, and the second is the realisation that price rises were part of something larger which was happening across the globe," says Unupom Kausik, chief business officer at NCDEX. "Indian commodity markets were in no way
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